Bank of England Hikes Rates to 4%; Warns Inflation Nears 5%
Summary
The Bank of England raised interest rates by a quarter point to 4% for the first time since the Iran war began, with Governor Andrew Bailey warning that inflation is projected to approach 5% next year.
Coverage by lane
Left
Center
- Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
- Bank of England Raises Rates for First Time Since Start of Iran War
- Bailey Says BOE Needs to Limit Impact of Iran War
- BOE Rate Hike a ‘Big One and Done,” Says BNY’s Yu
- BOE Hikes Rates, Warns of Rising Inflation